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Crypto S 01 Jan 1970 03:00

VibraVid is here to change the way consumers interact with digital content, while increasing the revenue potential of content creators. VibraVid is a free P2P/peer-to-peer desktop and mobile streaming application that enables users to view and listen to content created by video and audio creators. VibraVid is a platform for creators to upload, store, market, lease and sell their content to users with the added benefits of being able to crowdfund and sell merchandise and event tickets directly to their subscribers and fans. BeatzCoin is a cryptocurrency which is the exchange of value on the VibraVid platform. Together, VibraVid and BeatzCoin provide an ecosystem that allows creators and users a means of exchange, peer-to-peer, for goods, services, through bounties, and as prizes. Both, users and creators, are rewarded for their participation by receiving BeatzCoin, which they can use to purchase content, fan merchandise and event tickets, as well as to promote their own content.

Which problems are VibraVid and BeatzCoin solving and how?

Over 600,000 hours of video content and 18,000 hours of music is uploaded to the major free streaming services on the web daily for consumers to view and listen to 1. This makes it incredibly difficult for an emerging creator to be noticed. Creating high quality content requires time and resources, as does content marketing. A paradoxical situation arises wherein the creator is forced to forsake production in favor of marketing and advertising. Instead of using time and talent to produce creative works, the creator becomes a marketer, resulting in a massive amount of low quality content made available to users, who, in turn, lose interest. The most successful creators earn a minority share of revenue from the platforms they upload their content to. VibraVid feels that this is an unfair business model and our platform seeks to change the status quo in favor of content creators and users by incentivizing them to create and enjoy quality content.We believe that this not only will allow more creators to start making new and independent content, but will also allow them to generate a fair income that is truly based on the popularity of their content.

The Solution: With BeatzCoin at the center of VibraVid, we are able to offer both users and creators a new way of earning money for creating, watching, or listening to what they love. While advertising is not a thing of the past, we believe that users should be able to decide if they want to view adverts, and creators should be able to decide whether, and how frequently, advertisements are displayed during the duration of their content.

Some of the ways VibraVid users will earn BeatzCoin are:

1. Signing up to the VibraVid platform.2. Locking their tokens.3. Participating in bounties.4. Opting to watch paid to view (PTV) advertisements.5. Competing in daily and weekly challenges.

Some of the ways creators on theVibraVid platform will earn BeatzCoin are:

1. Having their content watched or listened to.2. Having the most views in a selected period.3. Allowing paid to view (PTV) advertisements on their content.4. Receiving tips from viewers.5. Crowdfunding on our platform.

Technology and Security

The three primary aspects of BeatzCoin are the Video/Audio Streaming, Payment Incentivization, and License and Distribution Control.VibraVid aims to build a reward structure for accessing, watching and listening to content while allowing for the licensing control of the content to be held directly by the creator. We will make use of the IPFS protocol, A peer-to-peer hypermedia protocol to distribute the content on the platform. IPFS allows for files to be shared and accessed by a large number of distributed devices with the goal of creating a distributed internet. Files are hashed and accessible using the IPFS:// structuring.

VibraVid chose to use IPFS for a number of reasons:

1. Due to nodes on the network, space is plentiful2. Fast Bandwidth Speeds3. Larger files can be automatically split into chunks4. There is an existing network structure with many dApps

We plan on minimizing the risk of these issues by encoding the videos with an overlay layer, so that either a BeatzCoin wallet or node is required to decode it (consensus Recognition). We will also push hash addresses onto the blockchain in an alternate format (encrypt it), and then decrypt it with an unreleased mathematical calculation. Finally, we will also keep all videos protected by utilizing a key structure, which will allow VibraVid sites to be the only provider of the content. This will ultimately protect content providers and their content to ensure that they are able to own and distribute their material whichever way they choose. There is also the concern of illicit materials such as pirated content or pornography making its way onto the network. The team will monitor content to ensure that thesematerials do not get uploaded to the platform, however should they be uploaded, we will blacklist the hash for any of these videos, making it unwatchable. We do, however, plan for further decentralization by implementing consensus-based rewards for nodes that blacklist the hash of unlawful content.

BeatzCoin Structure

VibraVid will hold a preliminary Token Trading Event, and a Main Token Trading Event. The preliminary will be announced in August, 2018 and will run until October 15, 2018. The Main Event will be divided into three stages. Each stage will offer 400 million BeatzCoin and will last for 30 days. Should the tokens deplete before the 30 day period is complete, the round will end and the next round will begin. The first stage of the Main Event is scheduled for 1 November 2018, with stage two and three commencing on 1 December 2018 and 1 January 2019 respectively.

The Hard Cap target for our Token Trading Event will be: 733,333,369 TRXVibraVid will create 3,000,000,000 (3 billion) BeatzCoin. From these tokens, 6% is allocated to the Preliminary Token Trading Event, and 40% will be allocated to the Main Token Trading Event. The VibraVid Team will be allocated 18% of the total supply, which will be locked for a period of 18 months. 6% will be allocated to Bounties and Airdrops, and 15% will be used for marketing and further development. VibraVid will hold onto the remaining 15%, which will be locked until January 1, 2020, and used for future funding and our POLS system. Tokens may be exchanged using Tron (TRX). Tronscan.org and Beatzcoin.io will be the only 2 platforms to participate in our Token Trading Event. Be sure to verify any offers through our website and social-media. Our official TRON WALLET address is: TGcvY5rcopeyooHcNbxa3XEKVuJws3y9Td

In an effort to protect the integrity of the VibraVid platform and prevent Beatzcoin price manipulation, we’ll take the following steps:

1. All unsold tokens offered during the sale will be burned.2. The reserved supply of 15% will be locked until 2020.3. 67% of the tokens will be distributed to the community through airdrops, sales or as payments for services.

Information

VibraVid is a decentralized answer to the way people view and share digital content. It’s decentralized platform and economy powered by beatzcoin.io allow both the content creator and consumer to see benefits as content can be delivered directly from artists to users. Artists can be themselves with VibraVid. With the Beatzcoin economy, artists can create untethered and without worrying about label expectations all while being properly compensated. We all know that time is money, so users can skip that ad or get paid to watch it.